Friday, 23 February 2007

Croma Shawley - Homeland Security

I recently started emailing a group of Tad shareholders to share tips and see if we could find something to make money out of while Tad languishes in the doldrums (Nildes the sailor, have you been there?) and this is one that took my eye and did a bit of research on and shared with them. Here it all is so that you can have a look for yourselves and see what I do before I dip my toe into a company.

Firstly I'll explain how I found this share. I receive emails from a share tip newsletter,(which I used to subscribe to but don't anymore, but they send them anyway) and every now and then they want to sell you 'special information' on 'special tips' via a report of some sort. In this case they wanted £14.99. Thing is they blether on so much about why you should buy this special report that for a googler like me they let slip enough information to find who they are talking about by just doing say 30 minutes digging around in the internet. The bit of info that they gave that eventually found it on google for me was that the company had 185% rise in turnover in the six months to December 2006. Impressive isn't it. They also won government contracts worth over £1million in January this year. So what do they do. They never mentioned the name of the company, but from my research I feel it is Croma Group.

For any of you who read charts they used to be in the 8p region but fell, but recently they have risen over 100% and the reason I bought is that their last drop was a higher low on turning than previously. Here is the info I've found out so far.

I'll paste some of the info in here, but you really should use the links to go and view the web pages yourselves for further info. Please feel free to share this info with anyone you want, it is all readily available on the internet anyway.

The directors have been buying and one has transferred shares to his wife (confident obviously)

There are several company names, hence group.

Croma Shawley Links

Croma is a specialist in the design, development and production of overt and covert surveillance, security and defence related products. Croma Group plc was created as a result of the acquisition by Asquith Motor Carriage Company plc of Croma Optical Equipment Limited in June 2000. Asquith was renamed Croma Group plc.

The Group obtained a trading facility on Ofex in June 2000 and was admitted to the Alternative Investment Market on the 18th December 2003. The Group has VCT and EIS status and is supported by a number of leading institutional investors including Artemis, Calculus Capital, Framlington and Noble Fund Managers

http://www.iii.co.uk/investment/detail?code=cotn:CMG.L&display=news&it=leLONDON (AFX) - Croma Group PLC reported a 185.8 pct increase in its first-half turnover due to an improved performance from core businesses and recent acquisitions, and said it remains confident of the outcome for the year.The AIM-listed surveillance, security and homeland defence specialist posted revenue of 2.597 mln stg for the six months to Dec, 2006 and said it believes there will continue to be a steady increase in terms of turnover.The company also said it has agreed to acquire a "leading privately-owned manufacturer and distributor of CCTV products".Croma will make an initial payment comprising shares at 6.5 pence - a significant premium to the current share price, it added.The company said it expects the acquisition to be completed in February, around the time of the group's interim results, and should strengthen Croma's capabilities and geographic reach in the CCTV marketplace.

newsdesk@afxnews.com tsm/rwCroma Vigilant LimitedCroma Vigilant Limited ("Croma Vigilant") announces that it has secured new contract wins to the total value of #980,000 for the provision of services in relation to asset protection and security in the commercial, industrial and public utilities markets. Of these, the most significant is the contract signed with the Ministry of Defence, worth #530,000.

The Board is also pleased to announce that two further contracts have been won by Croma Vigilant with Homebase and a Scottish Local Authority.

Croma Shawley and Croma Biometrics The Board is pleased to announce wins secured by Croma Shawley and Croma Biometrics totalling #125,000. Croma Shawley, specialists in the design and development of CCTV Products, has received orders from Kuwait, Israel, and a UK Local Authority. Croma Biometrics, developers of biometric access systems, has won a trial contract with Oxleas NHS Trust.

Trading & Strategy The Board expects these contract wins to have a positive impact on the Group's overall trading during the latter part of the current financial year. Today's announcement follows on from the Group's 15 January trading update for the six months up to December 2006 - which reported both an increase in turnover of 185.8% and the signing of a Heads of Agreement. The ongoing policy of the Group will be to continue to accelerate the growth of the current businesses and to seek compatible acquisitions to enable it to further consolidate its position in the sector. John French, Chairman and Chief Executive of Croma, comments: "The Board is delighted to be reporting today's news so soon after the Company's January Trading Update, and is pleased with these new contracts and the continued success of Croma Vigilant and its contribution to the Group as a whole.

"The Management team at Croma Vigilant has created a standard of service for its customers reflecting the highest levels of integrity and discipline much of which comes from the fact that the majority of our operatives are sourced directly from the Armed Forces."The new business for our CCTVDIRECTOR HOLDING The Board of Croma, the AIM listed surveillance security and homeland defence specialist, was informed on 2 February 2007 by Sebastion Morley, a director of the Company, that he transferred 1,500,000 ordinary shares of 5p each in the Company ("Croma Shares") on 2 February 2007 to his wife, Mrs Victoria Morley, for nil consideration. Following this transfer there is no change to Mr Morley's beneficial interest in Croma Shares, being 5,953,846 Croma Shares representing approximately 4.02% of the total issued share capital of the Company.

THE INFO FROM THE EMAIL I RECEIVED IS BELOW.

This one company is now a major player in the FOUR main areas of security:. In March 2004 the group exploded into the avionics industry winning major contracts with leading helicopter and fixed-wing producers. It's now the approved supplier under the UK Home Office Framework Agreement for UK Police Air Support Units.. In the same month the company took over a key player in conventional and wireless CCTV systems for the security of commercial and public sector businesses.

New product developments are just waiting to be released into the market, including wireless technology.. A take over in February 2005 established them in the asset protection market and as a result they've increased turnover by more than 22%... and the unit is continuing to secure additional business from both existing and new customers....

Its next acquisition into biometrics in February 2006 marked the start of the company's domination across the security sector. It designs, installs, services and maintains the systems that detect fingerprints, eye retinas and irises, facial patterns and hand measurements. HM Prison Bedford, West Yorkshire Police and Monarch Airlines have all given this gem of a company ringing applause.

Just imagine if every police force and prison service in the country employed the security solutions this company can offer......

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